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Updated almost 8 years ago on . Most recent reply

User Stats

8
Posts
7
Votes
Uy NGUYEN
  • Investor
  • Seattle, WA
7
Votes |
8
Posts

Creative financing question.

Uy NGUYEN
  • Investor
  • Seattle, WA
Posted

I bought a house with big (3 potential new lot) lot and like to short plat it. . It still carries a mortgage, ( but home with the new lot line still with good substantial equity)

Plan A: Has any one on here done a partial release interest with the bank/ success story /negotiating terms ? Would love to hear them how to go about.

Plan B: Any Refi Mortgage company on a home with partial prelim plat? 

Plan C: Private money idea to clear mortgage lien, and carry the note for 1-1.5 years due to short plat process?

Thanks in advance.

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